Deal Details
Sale to Marston Holdings Limited
Summary
Baird served as exclusive financial advisor to NSL on this transaction
About
Nirvana Equity Limited (“NSL” or “the Company”) was recently acquired by Marston Holdings Limited ("Marston"). Terms of the transaction were not disclosed.NSL provides a range of outsourced services to local government, central government and business, including issuing and processing of road traffic Penalty Charge Notices on behalf of local authorities; the United Kingdom - wide vehicle excise duty enforcement on behalf of the Driver and Vehicle Licensing Agency; administration of taxi and private hire vehicle licensing on behalf of Transport for London; and ‘right to work’ document checking for government bodies and corporate entities. The Company is headquartered in London, the United Kingdom.
Marston is the United Kingdom’s largest judicial services group, recovering over £300m per annum on behalf of central government departments such as the Ministry of Justice, Her Majesty’s Revenue & Customs, and the Child Maintenance Group, as well as 270 local authorities across the United Kingdom.
For additional information about this transaction, please contact:
- Date
- December 2016
- Company
- NSL
- Transaction
- M&A
- Sectors
- Technology & Services
- Target Geography
- Europe
- Acquiror Geography
- Europe
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